24 Oct 2013
USD/CHF on flat trend around 0.8920
FXstreet.com (Chicago) - USD/CHF continues extending the sideways price action as market participants don’t seem positive towards the dollar.
Data releases
At 350K, initial jobless claims in the US increased below expectations at 340K. The trade balance was better than expected, still negative, but improving compared to estimates. Manufacturing results were disappointing with the Markit PMI at 51.1 vs. expected 52.5 and prior 52.8 results.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.8924 and oscillates between the supports aligned at 0.89 (January 30th 2012 lows), 0.8850 (July 30th 2011 highs) ahead of 0.8795 (March 8th 2011 lows) and the resistances set at 0.8979 (October 3rd lows), 0.90 (October 18th lows) followed by 0.9043 (May 2nd 2012 lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis on a neutral EMA20.
Data releases
At 350K, initial jobless claims in the US increased below expectations at 340K. The trade balance was better than expected, still negative, but improving compared to estimates. Manufacturing results were disappointing with the Markit PMI at 51.1 vs. expected 52.5 and prior 52.8 results.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.8924 and oscillates between the supports aligned at 0.89 (January 30th 2012 lows), 0.8850 (July 30th 2011 highs) ahead of 0.8795 (March 8th 2011 lows) and the resistances set at 0.8979 (October 3rd lows), 0.90 (October 18th lows) followed by 0.9043 (May 2nd 2012 lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis on a neutral EMA20.